Karachi: Arif Habib Corporation Limited (AHCL) has successfully completed the sub-division of its shares pursuant to Section 85(1)(c) of the Companies Act, 2017. This move follows a series of announcements made on February 18, March 18, and March 19, 2025, detailing the process and implications of the sub-division.

On March 26, 2025, at the close of business, AHCL credited the sub-divided shares into the accounts of eligible shareholders maintained with the Central Depository Company of Pakistan Limited. The sub-division involved a change in the face value of shares from Rs.10 to Re.1. As a result, the company's subscribed and paid-up capital, formerly consisting of 421,696,747 ordinary shares of Rs.10 each, has been restructured into 4,216,967,470 ordinary shares of Re.1 each. This restructuring does not alter the rights and privileges associated with the shares.

Shareholders holding physical share certificates are advised to exchange their original certificates by surrendering them along with verified transfer deeds, if applicable, to the Company's Share Registrar, M/s. CDC Share Registrar Services Limited, located at CDC House, 99-B, Block-B, S.M.C.H.S, Main Shahrah-e-Faisal, Karachi. A certified copy of the CNIC must also be provided.

According to information available from the Pakistan Stock Exchange (PSX), the revision of holdings in CDS accounts was completed by the end of the day on March 26, 2025. The update followed the Split/Consolidation Entitlement List as of March 25, 2025. The paid-up capital of the company now stands at 4,216,967,470 securities.

Stakeholders are requested to update their records to reflect the restructured paid-up capital of the company. Arif Habib Corporation Limited's designated market category is confirmed as part of this process.